"This back from Tristan.
"Bill is taking care of it.""
Sad to say, but I received the same response numerous times.
From February 2023
"It is on the list and shall be paid shortly"
From May 2023
"I was told it will be taken care of 100% of course. I wish I could get a date but it is a top priority. "
Top priority yet another year that came due was added to the total delinquent amount.
From September 2023
" "
(Which is to say no reply on the Real estate taxes issue or my question about it yet again.)
From December 2023, (After I already sold, in November and posted that I sold in post 74,000) I asked about this too, which was a post on this board. I still follow the board, even though I am out. hoping for something to change, but will not buy in until something does.
"He is listed as a creditor on the financials. His message stated that Bill is refusing to pay him what is owed. He already gave Bill an extension. That Bill will be in default of the pay back date shortly. Bill is claiming LVVV does not have the money.
He said the date is coming and if Bill does not pay him. He knows his money is gone for good and he will be making sure that no one is making a dime off of LVVV. He has a plan of action and it will take Bill, the Board and LVVV completely down."
I received no answer on that question either.
But if he is refusing to pay a debt and that person is going to force the issue, then we have problems. As for the real estate taxes, it IS commercial, and after 3 years (2025) it will go to auction if not paid. Because someone (ahem. cough cough) will push the issue with the county and show them that this is commercial and needs a 3 year timing, not a 5 year one. then, see if the property can be bought at auction. It would be bought for taxes due, and whatever it takes to outbid other potential buyers. Then, owned free and clear, with no liens, no loans, and nothing to stop a positive cash flow from the land. Buying tax deeds is VERY profitable. Let's see if they let it go to three full years. It is at 2 years now. And counting. And in spite of Tristan saying it will be taken care of soon, that is the same response for over a YEAR now.
Bearish
